CBINSIGHTS-移动出行报告：值得关注的投资趋势与领域（英文）-2021.3-77页_9mb

State Of Mobility: Investment & Sector Trends To Watch

Core Content

The State of Mobility report provides an overview of the auto and mobility sector's performance and trends in 2020 and highlights key developments for 2021. It outlines the impact of the Covid-19 pandemic on the sector, the role of investors, and the technological innovations driving growth in areas such as electric vehicles (EVs), autonomous vehicles (AVs), connected vehicles, auto commerce, bike and scooter tech, and mobility-as-a-service (MaaS).

Main Trends in 2020

Overall Auto & Mobility Trends

• Funding to the broader auto & mobility sector fell slightly in 2020, down 5% YoY to $27.6B, following a 20% drop in 2019.
• Deals decreased by 21% YoY to 522, marking the second consecutive annual drop.
• Exits reached a new peak in 2020, with 107 exits and 22 SPAC deals, led by EV companies (comprising 58% of total SPAC deals).

Sector-Specific Trends

• Electric Vehicle (EV) Tech:
  • Funding reached a record high of $12.8B across 193 deals.
  • OEMs brought in nearly $8B, showing investor interest in EV development.
• Autonomous Vehicle (AV) Tech:
  • Funding reached a new peak of $7.3B across 105 deals.
  • The ecosystem is maturing, with larger investments and increased average deal size.
• Connected Vehicle Tech:
  • Deals dropped 34% YoY to 70, and funding plunged 52% to $1B.
  • Investors shifted focus to electrification and autonomy due to widespread adoption of connectivity solutions.
• Auto Commerce:
  • Funding dipped in 2020, but e-commerce enablement companies saw unprecedented demand during the pandemic.
• Bike & Scooter Tech:
  • Funding increased 52% YoY to $2.4B across 83 deals.
  • Despite pandemic adoption, investor skepticism remains about sharing platforms.
• Mobility-as-a-Service (MaaS):
  • Funding fell 20% YoY to $6.3B across 116 deals.
  • Ride-hailing was hit hard due to lockdowns and social distancing.

Key Market Drivers

• Pandemic Impact:
  • Travel restrictions and social distancing led to a decline in shared mobility and a rise in personal vehicle use.
  • E-commerce growth spurred interest in logistics and delivery.
• Climate Concerns:
  • Vehicle electrification is a top priority in the fight against climate change.
  • Regulatory support in China and Europe is favorable for EV adoption.
• Tech Giants' Involvement:
  • Amazon invested in Rivian and Zoox, and acquired Zoox.
  • Google (via Alphabet) invested in Lime and Waymo, and partnered with Daimler and Volvo.
  • Apple is reportedly working on an all-electric self-driving car by 2024.

Investment Trends

• Funding to auto & mobility tech fell 5% YoY to $27.6B in 2020.
• SPAC activity surged, with 22 SPAC deals in 2020, and EV tech companies dominated the SPAC lineup.
• North America's deal share declined to 32%, while Europe rose to 25% and Asia slightly to 39%.

Notable Deals and Unicorns

• New Unicorns in 2020:
  • Cazoo (electric vehicles) – $2.5B valuation.
  • Scale AI (AV training) – $4.2B valuation.
  • Applied Intuition (AV training) – $1.3B valuation.
  • Cars24 (auto commerce) – $1B valuation.
  • Kavak (auto commerce) – $1.2B valuation.
  • Socar (car-sharing) – $1B valuation.
• Major Exits:
  • XPeng – $1.5B valuation.
  • Lixiang Automotive – $1.9B valuation.
  • Root Insurance – $614M valuation.
  • Hyliion – $29.8M valuation.
  • Farasis Energy – $991.5M valuation.

Key Trends for 2021

• Zero-emission transportation is a major focus, with EV tech leading the charge.
• Commercial vehicle innovation is gaining traction, especially in logistics and last-mile delivery.
• Robotaxis are seeing renewed interest, with companies like Waymo and Cruise expanding their services.
• Micromobility is evolving with new form factors and improved technologies.
• Digital dealerships are becoming more prominent, with a shift toward online car buying and digitized ownership models.

Sector Highlights

• Electric Vehicle Tech: Focus on EV design, charging infrastructure, and battery technology.
• Autonomous Vehicle Tech: Emphasis on AV design, development, and training.
• Connected Vehicle Tech: Enabling in-vehicle connectivity and applications such as telematics and fleet management.
• Auto Commerce: Reshaping car buying, selling, and trading through digital platforms.
• Bike & Scooter Tech: Supporting personal and shared mobility with network infrastructure and charging tech.
• Mobility-as-a-Service: Offering on-demand access to vehicles and integrated transit solutions.

Key Takeaways

• The auto & mobility sector is maturing, with increased focus on electrification and autonomy.
• EV tech is leading investment and innovation, with record funding in 2020.
• Investor sentiment shifted in 2020, with SPAC activity and focus on EV and AV companies.
• Tech giants like Amazon, Google, and Apple are increasing their involvement in the sector.
• Global unicorns in the auto & mobility space are valued at $226.8 billion.

Conclusion

The auto & mobility sector is undergoing significant transformation, driven by Covid-19, climate concerns, and technological advancements. EVs, AVs, and MaaS are leading the way, with investor interest and funding increasing in these areas. Tech giants are playing a pivotal role in shaping the future of the sector, while regulatory support and infrastructure development are critical for sustained growth.